I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
ALAN GREENSPANWe need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
More Alan Greenspan Quotes
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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These days, even out of office, I still read economic reports.
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The process of innovation is, of course, never ending.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
ALAN GREENSPAN






